McDonald’s management has already rejected the call from Pershing Square Capital Management, which will present its plan to the investment community at the Value Investing Congress in New York on Tuesday. The fund holds a 4.9 percent stake in the fast-food company.
Speculation about whether McDonald’s might turn the land underneath restaurants into a real estate investment trust structure has also swirled in recent months, and market talk heated up earlier this month when Vornado Realty Trust (NYSE:VNO – news) disclosed it had bought a 1.2-percent stake in the company.
